Vincent, Romeo & Rodriguez, LLC
Denver Metro Office 303-500-5859
Boulder County Office 303-720-7260

June 2015 Archives

Avoiding the most common gaffes in estate planning

When you hear the term "estate planning," it probably conjures images of stately mansions, a stable of high-priced German cars and people who are waited upon by butlers. But this image of estate planning is completely wrong. The truth is, everyone should have some sort of plan in place, regardless of age and wealth. That's because estate plans cover a whole lot more than what to do with your stuff in the event of your death. A comprehensive estate plan can make preparations for what will happen if you become disabled as well.

It's true: Medicare pays for some long-term skilled nursing care

Just as Americans have struggled with how to pay for long-term care for senior citizens who require daily, skilled nursing, so has our government. For a long time, people without independent means to pay for nursing home care were forced to rely on Medicaid, the federal insurance plan for the poor. The rules for Medicaid eligibility are strict, however, so it wasn't enough that people couldn't afford expensive long-term care; they needed to be poor enough overall to qualify.

How does a guardianship work?

You've probably heard the term "guardianship" and, in all likelihood, you have at least a basic understanding of the concept, but as a legal term, its definition is a little more detailed. Many might think of a guardianship as something for only the elderly to think about, but it's important to understand what it is and how it works, regardless of age.

What qualities should a legal guardian have?

As our parents get older, the unfortunate reality is that we often witness an upsetting decline in their physical and mental health. For parents with Alzheimer's disease, this can be particularly devastating as they may no longer recognize loved ones or understand what is in their best interests.

Underestimating life expectancy can cause problems when planning for future

There are many assumptions that individuals who are entering their elderly years might make when planning for the future. One such assumption is an assumption about how long they will live. One mistake individuals sometimes fall prey to when it comes to assumptions about their life expectancy is underestimating their life expectancy. 

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Louisville Office
1805 Hwy. 42
Suite 100
Louisville, CO 80027

Phone: 303-720-7260
Fax: 303-604-6052
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5460 South Quebec Street
Suite 333
Englewood, CO 80111

Phone: 303-500-5859
Fax: 303-723-8814
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